IPO Details

About Company

Gala Precision Engineering Limited, established in February 2009, manufactures precision components, including disc and strip springs (DSS), coil and spiral springs (CSS), and special fastening solutions (SFS). The company supplies these products to original equipment manufacturers (OEMs) across various sectors such as electrical, off-highway equipment, infrastructure, general engineering, automotive, and railway. Gala Precision has become a vital link in the global supply chain, providing technical springs and high-tensile fasteners to customers in countries like Germany, Denmark, China, Italy, Brazil, the USA, Sweden, and Switzerland. As of March 30, 2024, it serves over 175 customers across 25+ countries. The company operates two main divisions: 1. Springs Technology Division: Focuses on manufacturing DSS, including Wedge Lock Washers (WLW) and CSS. 2. Special Fastening Solutions (SFS): Produces anchor bolts, studs, and nuts. Gala Precision has two manufacturing facilities located in Wada District, Palghar, Maharashtra, and is establishing a new facility in Vallam-Vadagal, SIPCOT, Sriperumbudur, Tamil Nadu, aimed at expanding its product portfolio with high-tensile fasteners like bolts. As of June 30, 2024, the company employs 294 permanent employees and 390 contract workers. The permanent staff includes 182 manufacturing workers, 19 in stores and logistics, 19 in quality assurance, 14 in tool room development and maintenance, and 22 in human resources and administration.